Quebec : a brighter economic outlook

Last summer, the leading economic index from Desjardins for the Quebec economy announced a weak growth or even a stagnation, and, unfortunately, it did happen. From July to October, Quebec GDP decreased slightly three months out of four, showing an increase only in August according to data published by the Institut de la statistique du Québec.

Today, Desjardins released the most recent numbers on its monthly leading economic index and it increased significantly in December (1.0 percent) for a third month in a row; data for October and November were revised slightly upward. Add that the world economic outlook is improving, especially in the United States, and that the canadian economy, as a whole, the main market for Quebec production of goods and services, is expected to show a moderate growth in 2011, then the conditions are there for a brighter economic outlook for Quebec in the coming months.